Recent tendencies in the sphere of intergovernmental budgetary relations

The quality of intergovernmental budgetary relations is very important for proper functioning of the institutions in a federative state. The paper considers the issues of evolution in budgetary relations, federal aid to regions in association with specifics of Russia’s structure of state. It is shown, in particular, that certain rehabilitation of state finances that has taken place has not touched local budgets yet. Local governments are still in great dependency on the budgets of other levels, and the Siberian Federal District is especially marked in this way. The vertical of power, therefore, has in its bottom not only political-administrative but also financial leverage.